Binance temporarily adjusts STMX U-margined perpetual contract leverage and margin ladder related parameters

On July 23, according to the official announcement, Binance will update the STMX/USDT U-margined perpetual contract leverage and margin ladder at 15:15 on July 23 (Eastern Eighth District time). Users’ existing positions before the update will be affected. Users need to refer to the updated leverage and margin ladder to adjust their margin to avoid forced liquidation. According to Binance market data, the STMX price fluctuated violently today, falling 30% in half an hour and about 45% from today’s high. According to community reports, due to Binance trading rules, some users are unable to close their positions at market price during contract transactions during STMX price fluctuations.